SoftBank Group reported a net loss of nearly $6 billion for the three months through December, largely because of the Japanese company’s Vision Fund investments, which tumbled for a fourth straight quarter. Vision Fund, whose vast portfolio includes many publicly listed tech companies as well as unlisted startups, continued to suffer from a global weakness in tech stocks. The fund is the...
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‘This Is Going to Be a Blip’: Investors, Founders Move On After Bank Crisis

On Monday, David Garner rose at 5 a.m. to sign the final documents required to finish setting up an account for his startup at JPMorgan Chase, following a two-week ordeal that began with the collapse of Silicon Valley Bank. Garner’s Seattle-based startup—CalmWave, which develops software for hospital intensive care units—had moved its money out of SVB to First Republic Bank....
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